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Daily Dispatches
Central bankers make rare comments in favor of bigger gold stash
Submitted by admin on Tue, 2024-10-15 19:33 Section: Daily DispatchesBy Yvonne Yue Li
Bloomberg News
Monday, October 14, 2024
Gold purchases from central banks have been a key driver in bullion’s record-smashing rally this year. But officials rarely signal ahead of time when buying is top of mind.
Eric Sprott reflects on career in monetary metals mining, remains confident
Submitted by admin on Tue, 2024-10-15 11:20 Section: Daily Dispatches11:18a ET Tuesday, October 15, 2024
Dear Friend of GATA and Gold:
Interviewed about his long career by Jimmy Connor of Bloor Street Capital in Toronto, mining entrepreneur Eric Sprott jokes that he is such a brilliant investor because he has had so many failures to learn from.
But, Sprott adds, he has been successful because he has spotted enough strong opportunities in the mining sector -- opportunities somehow not recognized by many others -- and had the patience to stick with them while constantly re-evaluating them.
Jim Rickards: This is what will destroy the dollar
Submitted by admin on Mon, 2024-10-14 21:01 Section: Daily DispatchesBy James G. Rickards
Daily Reckoning, Baltimore
Monday, October 14, 2024
Janet Yellen gave a speech on Sept. 26 at the 2024 U.S. Treasury Market Conference in New York. The speech was largely about risks in the banking system and the market for U.S. Treasury debt.
Alasdair Macleod: Inflation isn't finished but the dollar soon may be
Submitted by admin on Sun, 2024-10-13 17:06 Section: Daily Dispatches5:05p ET Sunday, October 13, 2024
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod, speaking three weeks ago to a conference sponsored by Southbank Investment Research in London, warned that inflation is far from finished and that the decline and fall of the U.S. dollar and the rise of gold will continue as much of the rest of the world looks for new ways of conducting international trade.
His remarks were 18 minutes long and can be viewed at Vimeo here:
Gold bull builds excitement for 50th anniversary New Orleans Investment Conference
Submitted by admin on Thu, 2024-10-10 22:09 Section: Daily DispatchesJoin GATA there but act soon.
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By Brien Lundin
Gold Newsletter and New Orleans Investment Conference
Metairie, Louisiana
Thursday, October 3, 2024
We're in the final stages of preparing our agenda for this year's blockbuster 50th anniversary New Orleans Investment Conference, and I'm excited about the surprises we'll have in store for you.
First modern gold-backed scholarships can send students to college
Submitted by admin on Thu, 2024-10-10 21:52 Section: Daily DispatchesIf they can find one worth attending.
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9:55p ET Thursday, October 10, 2024
Dear Friend of GATA and Gold:
Gold advocates are eagerly anticipating the possibility that some sort of gold-backed trading currency will emerge from this month's meeting of the BRICs and BRICs-associated nations in Kazan in Russia.
But the Sound Money Defense League and Money Metals Exchange have just announced what they call the first gold-backed college scholarships of the modern era.
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Sound money movement chalks up seven state legislative victories in 2024
Submitted by admin on Wed, 2024-10-09 19:16 Section: Daily DispatchesBy Jp Cortez
Money Metals Exchange, Eagle, Idaho
Wednesday, January 9, 2024
This year is shaping up to be one of the most legislatively successful in U.S. sound money history.
Money Metals Exchange was instrumental in achieving six new sound money victories, as well as one key defensive win. The upshot is that sound money legislation, carefully crafted and propelled by grassroots enthusiasm, is proving to be both practical and achievable.
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Dollar won't fall since the rest of world won't let it
Submitted by admin on Wed, 2024-10-09 19:08 Section: Daily DispatchesBy Mike Dolan
Reuters
Wednesday, October 9, 2024
LONDON -- The dollar just had its best week in two years, showing once again how dangerous it can be to bet against the U.S. currency if the rest of the world just won't let it drop.
The DXY index, which tracks the dollar against the most widely traded global currencies, surged more than 2% last week -- a stunning whiplash, not least for the many speculators who were short on the greenback and waiting for it to swoon.
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China's Zijin Mining to buy Newmont's Ghana gold project for $1 billion
Submitted by admin on Wed, 2024-10-09 08:38 Section: Daily DispatchesBy Ayushman Ojha
Reuters
Tuesday, October 8, 2024
China's Zijin Mining Group will buy the Akyem gold mine project in Ghana from U.S.-based Newmont Corp. for $1 billion, the companies said today.
The sale is a part of Newmont's ongoing program to divest non-core assets as the company makes a strategic shift to focus on its tier one assets, the U.S. gold producer said.
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Mali says Barrick owes $500 million in taxes and fines, sources tell Reuters
Submitted by admin on Tue, 2024-10-08 19:36 Section: Daily DispatchesBy David Lewis, Giulia Paravicini, and Divya Rajagopal
Reuters
Tuesday, October 8, 2024
Mali's military government is seeking at least 300 billion African Financial Community (CFA) francs ($512 million) in outstanding taxes and dividends from Barrick Gold, three sources said, a move that is part of a push by the country to collect more revenue from mining companies.
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